At a Glance
- Tasks: Oversee compliance and legal matters for a hedge fund, ensuring regulatory obligations are met.
- Company: Join a dynamic hedge fund focused on compliance and legal excellence in financial services.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Be part of a crucial role that shapes the firm's integrity and compliance culture.
- Qualifications: Experience with NFA/CFTC and FCA rules; compliance or legal background in financial services required.
- Other info: Ideal for detail-oriented individuals passionate about finance and regulatory compliance.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
Hedge Fund Compliance Manager
Summary:
The primary responsibility of the Compliance Manager is to assist the Chief Operating Officer (COO) in upholding the firm’s compliance monitoring program. This involves maintaining, enforcing, and updating compliance policies, procedures, and oversight as needed. Additionally, the Compliance Manager assists in relevant legal matters for the Company and its funds, coordinating with external advisors when required.
Duties include:
Compliance:
The firm’s investment management activity via its fund is regulated by the FCA (including IPRU-INV and MIFIDPRU prudential sourcebooks) and the NFA/CFTC.
- Oversee all aspects of regulatory compliance, ensuring the Company meets its obligations.
- Manage the compliance manual, policies and monitoring programme, including annual NFA self-assessment.
- Assess, monitor and manage regulatory risk and implement appropriate policies and procedures.
- Ensure the ICARA and risk register are maintained and regularly reviewed.
- Maintain MLRO reviews and financial crime oversight.
- Qualify prospective investors as professional clients.
- Review and approve marketing materials and other financial promotions.
- Provide compliance advice to the business development function including jurisdictional marketing rules.
- Prepare and submit non-financial regulatory filings.
- Coordinate AML/KYC requests from counterparties and investment entities.
- Ensure privacy and data protection rules are adhered to.
- Monitor staff training against regulatory requirements.
Legal:
- Assist with legal matters, manage relationships with external counsel, and oversee legal budget and spend. (Responsibility covers both offshore fund entities and the UK-domiciled management entity.)
- Assist in monitoring and managing legal risk, implementing controls and mitigation strategies.
- Assist in establishing and maintaining an efficient UK company structure for regulated and non-regulated activities.
- Assist in overseeing fund entity governance, liaising with the fund board and company secretary.
- Ensure fund offering documents remain up-to-date and compliant.
- Advise on legal aspects of investor communications.
- Assist in drafting, reviewing, and negotiating legal documents (e.g., investment, counterparty, supplier agreements, and employment contracts).
- Assist with oversight of the staff handbook and HR policies/procedures.
- Assist in company secretary duties, including organizing board meetings and maintaining statutory records.
Requirements:
- Regulatory Knowledge – Experience with NFA/CFTC and FCA rules (familiarity with MIFIDPRU/IPRU-INV a plus). Managed futures/options experience preferred.
- Compliance/Legal Background – Experience in compliance or legal support within financial services.
- Fund Structures & Compliance – Awareness of onshore/offshore funds and associated regulatory considerations.
- Documentation Skills – Exposure to contract review and legal documentation.
- Organizational Skills – Ability to manage policy updates, record-keeping, and governance tasks.
- Communication Skills – Strong liaison skills for internal/external stakeholder coordination
Hedge Fund Compliance Manager employer: Orla Rose Associates
Contact Detail:
Orla Rose Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Hedge Fund Compliance Manager
✨Tip Number 1
Familiarise yourself with the specific regulations set by the FCA and NFA/CFTC. Understanding these rules will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the hedge fund compliance sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at firms like ours.
✨Tip Number 3
Stay updated on recent changes in compliance regulations and best practices. Being knowledgeable about current trends will give you an edge during discussions and show that you are proactive in your professional development.
✨Tip Number 4
Prepare to discuss real-world scenarios where you've successfully managed compliance issues or legal risks. Having concrete examples ready will illustrate your experience and problem-solving skills effectively during the interview process.
We think you need these skills to ace Hedge Fund Compliance Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Hedge Fund Compliance Manager. Familiarise yourself with compliance monitoring programs and regulatory frameworks like FCA and NFA/CFTC.
Tailor Your CV: Highlight your relevant experience in compliance or legal support within financial services. Emphasise your knowledge of regulatory requirements and any specific experience with fund structures and documentation skills.
Craft a Strong Cover Letter: In your cover letter, explain why you are a good fit for the role. Mention your experience with compliance policies, your ability to manage regulatory risks, and your communication skills for liaising with stakeholders.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Orla Rose Associates
✨Showcase Your Regulatory Knowledge
Make sure to highlight your understanding of NFA/CFTC and FCA rules during the interview. Be prepared to discuss specific regulations and how they apply to hedge fund compliance, as this will demonstrate your expertise in the field.
✨Demonstrate Your Compliance Experience
Share examples from your previous roles where you successfully managed compliance policies or legal matters. This could include overseeing compliance manuals or coordinating with external advisors, which will show that you have the practical experience needed for the role.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific compliance challenges or legal issues. Practising responses to these scenarios can help you articulate your problem-solving skills and your approach to risk management effectively.
✨Emphasise Communication Skills
Since the role involves liaising with various stakeholders, be ready to discuss how you've successfully communicated complex compliance information in the past. Highlight any experiences where you facilitated discussions between internal teams and external parties.